Senior Quantitative Engineer

Senior Quantitative Engineer

Chicago, Illinois;New York, New York

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Job Description :

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

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Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description :

Senior Quantitative engineers in Global Risk are responsible for designing and overseeing the implementationof common, reusable, and scalable software components. These components enable GRM's data and analytical capabilities. These components can be domain independent (e.g., generic data quality tools over billions of rows of data) or domain specific (e.g., classification models for surveillance or testing framework for Global Markets processes). Senior Quantitative engineers work with senior modelers, risk managers, and technologists to understand the current state and design the future state of data and analytics. Senior Quantitative engineers have a combination of software engineering, big data, modeling and management skills and the ability to work across the entire spectrum of a big data stack - from data to logic to model to UI to UX.

Responsibilities :

Seek opportunities for consistent improvement in quality, efficiency, and processes

Partner effectively with senior stakeholders within GRA & EIT, Front Line Units, Technology, Audit and Compliance

Provide leadership and oversight to less experienced team members

Applying quantitative methods to develop capabilities that meet line of business, risk management and regulatory requirements

Understanding financial data : schemas, flow, size, data issues, data controls, etc.

Building performant big data pipelines

Use programming skills and knowledge of software development lifecycle principles todeliver high quality code for model and testing processes

Collaborate with key stakeholders across the Bank to understand modeling and testing business processes and requirements

Think outside the box of current industry standards to develop innovative approaches

Maintaining and continuously enhancing capabilities over time to respond to the changing nature of portfolios, economic conditions and emerging risks

Source and evaluate data required for modeling and testing

Design and develop and implement models and tests

Produceclear, concise and repeatable technical documentation models and testsfor internal and regulatory purposes

Candidates should have the following technical skills :

Software engineering : modular code, software lifecycle processes, unit testing, regression testing

Big data : distributed computing paradigms (e.g.,mapreduce,dataframes,etc.), optimizing distributed software

Modeling / quantitative : basic modeling techniques (regression, classification, clustering,etc.)

Soft Skills :

High level of intellectual curiosity

Experience implementing strategic process improvements and / or automation

Proven track record of building relationships and effectively influencing key stakeholders

Adept at detecting and remediating organizational / process weaknesses and deficiencies

Feels ownership and accountability for delivering high quality work, able to balance multiple priorities and meet strict deadlines

Strong written, verbal, presentation creation and delivery skills, typically to very senior audiences

Well organized with attention to detail

Willing to challenge the status quo and with a track record of driving change

Minimum Education Requirement :

Bachelor's degree in Computer Science, a closely related field, or a degree from a program where software engineering was a key focus or equivalent work experience

7+ years of relevant work experience

Qualifications :

At least 7 years of relevant experience in software engineering in Quantitative Finance or other industries

Strong Programming skills (e.g., Python) and solid understanding of Software Development Life cycle principles

Proven track record of seamlessly leading and executing enterprise-wide initiatives

The candidate must be a strong communicator and able to effectively explain the rationale and details of the methodologies to a broad set of audiences that include key senior stakeholders across the Bank, as well as auditors and regulators

Strong analytical and problem-solving skills

Candidates should have at least three of the following skills :

Experience applying quantitative methods such as modelling, data analytics, machine learning, and statistics to develop business solutions

Experience with large scale data sets with structured or unstructured data

Experience in building user facing applications over large amounts of data using technologies like React, Angular, JavaScript etc.

Experience implementing process improvements and automation

Shift :

1st shift (United States of America)

Hours Per Week : 40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

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Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.